10:22 AM
Connect Directly

NACHA NEWS: FIS, Western Union and Yodlee Team for Expedited Payments

Fidelity National Information Services (Jacksonville, Fla.; FIS) is teaming with Western Union (Denver) and online financial application provider Yodlee (Redwood City, Calif.) for an integrated online expedited payments solution for financial institutions.

FIS will integrate Yodlee's PayToday expedited bill payment solution into the FIS online bill payment solution. With the integration, FIS bill pay clients of any size will now be able to take advantage of the revenue-generating capabilities offered by Yodlee payments solutions and immediately begin to generate new fee-based revenue by offering customers the convenience of guaranteed, same-day electronic payments. The DirectPay solution from Yodlee enables interchange revenue-generating credit and debit card-based electronic bill payments for more than 400 top billers, giving consumers the freedom of choice of how and when they pay their bills.

Through its relationship with Western Union, PayToday customers have access to one of the largest same-day electronic payments networks in the industry. Western Union's proprietary biller network includes hundreds of billers across multiple biller categories, including credit cards, mortgage, auto finance, insurance, utilities, cable and wireless.

Comment  | 
Print  | 
More Insights
Newest First  |  Oldest First  |  Threaded View
Register for Bank Systems & Technology Newsletters
White Papers
Current Issue
Bank Systems & Technology
BS&T's 2014 Elite 8 executives are leading their banks to success, whether it involves leveraging the cloud, modernizing core systems, or transforming into digital enterprises.
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.